Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Prudential PLC

Prudential PLC reduced its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 44.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,472 shares of the specialty retailer’s stock after selling 10,910 shares during the quarter. Prudential PLC’s holdings in Ulta Beauty were worth $5,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC grew its stake in Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after buying an additional 34 shares during the period. Sunbelt Securities Inc. grew its position in Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Edge Capital Group LLC acquired a new position in shares of Ulta Beauty during the fourth quarter worth $33,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Ulta Beauty in the fourth quarter valued at $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by insiders.

Ulta Beauty Stock Down 2.3 %

Shares of NASDAQ:ULTA opened at $359.36 on Friday. The company’s 50-day moving average price is $369.03 and its 200 day moving average price is $385.89. The company has a market cap of $16.28 billion, a PE ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.08 earnings per share. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ULTA. Stifel Nicolaus dropped their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. DA Davidson dropped their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Morgan Stanley cut their price target on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. dropped their price objective on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, Bank of America reduced their target price on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $427.61.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.